Sustainable Water Management and International Trade Solution

Abstract

All the factors of production are not uniformly distributed among all the countries of the world. Some countries have more of some factors relative to other countries. Natural resources are free gift of nature and these resources are also not equally distributed among all countries of the world. For some countries water is scarce than other and some commodity relatively less water is required for production. Due to this difference in production technique and relative abundance of water resources international trade can take place. Studies in virtual water trade are of recent origin. Water has dual role in international agricultural trade. It is responsible for huge export earnings but at the same time is a loss of scarce water through trade. This is relevant for adopting appropriate policies for sustainable agricultural growth.

Key words: Water, sustainable development, growth, pollution, management, demography